Phoenix LXXX: Is there another way out?

[madhi19]

How about that not Gary usual plane but damn if it not going directly to CYQB.

 

[King_Stannis]

I wonder if Judge Baum would like to comment on his ruling now. Some journalist should track him down.. .

Eh, he only ruled that the league has a right to determine where its clubs play. I still think that was a pretty good decision. It's the NHL and their accomplices on the old council that turned this thing into a tire fire.

 

[Major4Boarding]

I wonder if Judge Baum would like to comment on his ruling now. Some journalist should track him down.

If you can set aside an hour -----> http://hfboards.mandatory.com/showpost.php?p=59982045&postcount=233

 

[madhi19]

If you can set aside an hour -----> http://hfboards.mandatory.com/showpost.php?p=59982045&postcount=233

Thank I got to check that out.

 

[Wingsfan2965*]

I could be wrong on this but a quick calculation shows that if the RSE paid $6M (Glendale AMF) annually on the $120M loan at 9% it'd go like this:

 

[OthmarAmmann]

I could be wrong on this but a quick calculation shows that if the RSE paid $6M (Glendale AMF) annually on the $120M loan at 9% it'd go like this:

Yes, it would have a substantial amount of negative amortization. It could in fact never be repaid (barring a $370 million balloon payment).

Basically they can only borrow about $50 to $60 million with that AMF and those terms.

 

[wsoxfan1214]

How about that not Gary usual plane but damn if it not going directly to CYQB.

Do we have any proof bettman is on this plane or did you pull some random flight?

 

[madhi19]

Yes, it would have a substantial amount of negative amortization. It could in fact never be repaid (barring a $370 million balloon payment).

Basically they can only borrow about $50 to $60 million with that AMF and those terms.

And that not subtracting the cost of actually running the arena. You do have to manage it.

Do we have any proof bettman is on this plane or did you pull some random flight?

Nothing off course. But by looking at the historic most flights to Canada from Teterboro goes to Montreal or Toronto. Yet this plane been make back and forth since the 23th.

 

[Hal1971]

How about that not Gary usual plane but damn if it not going directly to CYQB.

This plane left quebec at 14h36 and return to quebec a 23h56. Someone in quebec had a munchie for cheesecake ??

 

[cbcwpg]

I love that Fortress fund reserve the right to flip some of the debt for 20% ownership stake you know just in case the team sold for way more in five years. Funny they never offered that to Glendale!

Exactly. 20% ownership of this team in 5 years when it moves to Markham will be worth way more that 20% ownership of this team in Glendale ever.

 

[Donwood]

Do we have any proof bettman is on this plane or did you pull some random flight?

It's not Bettman, he takes a much better jet and this plane routinely goes from Tetterboro to Quebec.

 

[wsoxfan1214]

Ah. So are we expecting this to actually happen or no? I can't tell.

 

[OthmarAmmann]

And that not subtracting the cost of actually running the arena. You do have to manage it.

That's why the NHL was providing operating capital.

 

[Hal1971]

It's not Bettman, he takes a much better jet and this plane routinely goes from Tetterboro to Quebec.

I take all this flight thing lightly, there's a couple companie and/or person doing business in new-york here in quebec...

 

[Wingsfan2965*]

Yes, it would have a substantial amount of negative amortization. It could in fact never be repaid (barring a $370 million balloon payment).

Basically they can only borrow about $50 to $60 million with that AMF and those terms.

At $12M/year over 10 years (9% interest) they'd have $104M remaining.

I guess the real question is if the interest is compounded annually. Even if it isn't, it's still ridiculous.

 

[Brodie]

nothing's going to happen

in 35 years, we'll still be here... taking up a collection to keep a lone HF server running

 

[madhi19]

It's not Bettman, he takes a much better jet and this plane routinely goes from Tetterboro to Quebec.

You don't need an executive jet for a one hour flight.

 

[cbcwpg]

COG is paying a service fee of 6 million to a company to manage their arena. What the managing company does with that money is entirely up to them and also completely out of the control of the COG. If they want to pay off a loan, that's their choice. GWI would only be able to challenge that part if the money was going directly from them to the loan company. The loan is for the purcahse of the Coyotes from the NHL and has nothing to do with the COG.

Some might say that's a useless argument and is only semantics. Me on the other hand? I think it's important......

You are right, RSE can take the $6M and pay back the loan they used to purchase the team or they can take the $6M and put it in a fire pit and have at 'er.... makes no difference to the CoG because they are still out $6M. Except that the $6M is suppose to be used by the arena manager to manage the arena and do their best to run the place and fill it with events. And what money is RSE going to use to do that if they are using all of the $6M for loan payments? They can't... so IMO they are still going to end up asking the CoG for $12M - $15M, so they can send $6M towards the loan. And if they use the operating capital to manage the arena, what are they going to use to cover the ~$20M annual losses the team is still going to have? And don't say revenue sharing because those losses are after the team has already got revenue sharing. ( it was published that the Coyotes received $18M in revenue sharing last season... and they still lost money )

 

[Donwood]

You don't need an executive jet for a one hour flight.

This aircraft makes multiple trips a week between Tetterboro & Quebec.

 

[rj]

Yes, it would have a substantial amount of negative amortization. It could in fact never be repaid (barring a $370 million balloon payment).

This is one part of why the huge housing crash occurred in this country. Of which the Phoenix area was heavily affected ironically.

 

[Llama19]

Craig Morgan on AZSportsTalk.com

From AZSportsTalk.com, click the link for Thursday 5-30-13: Fox Sports Arizona Craig Morgan interview.

Starting at the time mark 12:00 mark.

Sorry, my bad. It was only 'reading' the news, not an actual 'interview.'

 

[Major4Boarding]

This aircraft makes multiple trips a week between Tetterboro & Quebec.

Yes it sure does. It's not all that uncommon for Exec's to commute in an express jet. I know of 2 Exec's that charter bizjets from here in Tampa to head to Lauderdale and Miami... routinely.

That said however, think we need a moratorium on the flight postings

Thanks

 

[LPHabsFan]

You are right, RSE can take the $6M and pay back the loan they used to purchase the team or they can take the $6M and put it in a fire pit and have at 'er.... makes no difference to the CoG because they are still out $6M. Except that the $6M is suppose to be used by the arena manager to manage the arena and do their best to run the place and fill it with events. And what money is RSE going to use to do that if they are using all of the $6M for loan payments? They can't... so IMO they are still going to end up asking the CoG for $12M - $15M, so they can send $6M towards the loan. And if they use the operating capital to manage the arena, what are they going to use to cover the ~$20M annual losses the team is still going to have? And don't say revenue sharing because those losses are after the team has already got revenue sharing. ( it was published that the Coyotes received $18M in revenue sharing last season... and they still lost money )

Oh I completely agree with you. That comment was in response to comments directly connecting the 6 million to the loan and how it could involve GWI and subsidy and whatnot.

 

[epo]

Yes it sure does. It's not all that uncommon for Exec's to commute in an express jet. I know of 2 Exec's that charter bizjets from here in Tampa to head to Lauderdale and Miami... routinely.

That said however, think we need a moratorium on the flight postings

Thanks

In the last 4 months this plane has done three trips between QC and Teterboro, one today, one over last weekend, and one in late April. Did you pay for data beyond 4 months?

The moratorium shouldn't start directly after a contested fact.

 

[LeafShark]

Yes it sure does. It's not all that uncommon for Exec's to commute in an express jet. I know of 2 Exec's that charter bizjets from here in Tampa to head to Lauderdale and Miami... routinely.

That said however, think we need a moratorium on the flight postings

Thanks

Well... PKP and crew were at the NHL head office hammering out a deal according to rumours, and there is no other flight between the two airports... at all. If I were a Bettman, I'd put decent weight on those particular flights being pretty important.

This was the only other flight between the two cities.
http://flightaware.com/live/flight/N331SK/history/20130530/1800Z/CYQB/KTEB

Who Knows? Maybe PKP decided to take the bus? or maybe the rumours were false.